781 W Walcott Lot 142 Rd · Walcott, IA 52773

$64,900

3 bd · 2.0 ba · 1,092 sqft · Other public records · 51 Days on market

Built 2002 $59/sqft · 62% above area Est $54k · 20% over

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well-maintained 3-bedroom, 2-bath manufactured home in Walcott, IA, built in 2002 and move-in ready. This home offers a spacious, open-concept living room, kitchen, and dining area, providing a functional layout for everyday living. Main-level laundry adds convenience. The primary bedroom includes a private full bathroom, while two additional bedrooms and a second full bath offer flexible space for a variety of needs. Notable updates include a new roof in 2022 and newer HVAC components (2018 & 2020). Enjoy the spring season outdoors with a manageable yard and off-street parking. Located near local amenities with easy access to surrounding areas--schedule your showing today!

Key facts

• Manageable yard
• Main-level laundry
• New roof

Tags

• OPEN-CONCEPT LIVING ROOM
• MAIN-LEVEL LAUNDRY
• PRIVATE FULL BATHROOM
• NEW ROOF
• NEWER HVAC COMPONENTS
• MANAGEABLE YARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $65k.

Deal economics

• At list price, monthly cash flow is $386 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $63k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#310 in IA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Davenport Community School District (urban): math 43% / reading 50% proficiency, ranked #288 of 289 in IA (top 100%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 9 active listings in the ZIP; 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Scott County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 10y ago; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $62,953 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.63% ✓
• Cap rate: 13.43%
• Cash-on-cash: 25.49%
• DSCR: 2.13
• GRM: 5.1

CMA / ARV

• ARV (median comp): $53,994
• List price: $64,900
• Delta: 20.20%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.1%
• Equity multiple: 1.77×
• Total profit: $14,080
• Equity at exit: $9,677

10-year hold

• IRR: 27.4%
• Equity multiple: 3.42×
• Total profit: $43,978
• Equity at exit: $5,611

Cash invested: $18,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Iowa: 83 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; mostly landlord-friendly statewide.

Methodology + full state rankings →

ZIP-level market 52773

• Home prices YoY: -24.6%
• Active inventory: 9
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,056 medium
• Mortgage (P&I): −$340
• Tax est. 1.5%: −$81 /mo · $974/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $386

Break-even live

Break-even rent $568

Max offer price $64,900

Occupancy floor 58%

Sensitivity live

Price	-10% $431	-5% $408	+0% $386	+5% $364	+10% $341
Rent	-10% $302	-5% $344	+0% $386	+5% $428	+10% $469
Rate	-1.0pp $419	-0.5pp $402	base $386	+0.5pp $369	+1.0pp $352

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-07
   statusdays on market $64,900 Pending 51 DOM
2. 2026-06-03
   days on market $64,900 Active 49 DOM
3. 2026-06-02
   days on market $64,900 Active 48 DOM
4. 2026-06-01
   days on market $64,900 Active 47 DOM
5. 2026-05-31
   days on market $64,900 Active 46 DOM
6. 2026-05-30
   days on market $64,900 Active 45 DOM
7. 2026-05-04
   price $64,900 688-char remark

   Show marketing remark (688 chars)

   Well-maintained 3-bedroom, 2-bath manufactured home in Walcott, IA, built in 2002 and move-in ready. This home offers a spacious, open-concept living room, kitchen, and dining area, providing a functional layout for everyday living. Main-level laundry adds convenience. The primary bedroom includes a private full bathroom, while two additional bedrooms and a second full bath offer flexible space for a variety of needs. Notable updates include a new roof in 2022 and newer HVAC components (2018 & 2020). Enjoy the spring season outdoors with a manageable yard and off-street parking. Located near local amenities with easy access to surrounding areas--schedule your showing today!

8. 2026-04-15
   listed $69,900 Active 688-char remark

   Show marketing remark (688 chars)

   Well-maintained 3-bedroom, 2-bath manufactured home in Walcott, IA, built in 2002 and move-in ready. This home offers a spacious, open-concept living room, kitchen, and dining area, providing a functional layout for everyday living. Main-level laundry adds convenience. The primary bedroom includes a private full bathroom, while two additional bedrooms and a second full bath offer flexible space for a variety of needs. Notable updates include a new roof in 2022 and newer HVAC components (2018 & 2020). Enjoy the spring season outdoors with a manageable yard and off-street parking. Located near local amenities with easy access to surrounding areas--schedule your showing today!

9. 2025-08-11
   soldstatus $63,000 Closed 402-char remark

   Show marketing remark (402 chars)

   Consider this 2020 build, 3 bedroom 2 bath home on leased land in Walcott. Enjoy all the main floor amenities and open floor plan designed for easy living. Seller to install central air with the right offer!!! Cash, personal loan, or local mobile home lending. Buyer agent must be licensed to sell mobile homes on leased land. Contact Walcott Mobile Home Community for questions regarding lot rent etc.

10. 2025-07-28
    status Pending 402-char remark

    Show marketing remark (402 chars)

    Consider this 2020 build, 3 bedroom 2 bath home on leased land in Walcott. Enjoy all the main floor amenities and open floor plan designed for easy living. Seller to install central air with the right offer!!! Cash, personal loan, or local mobile home lending. Buyer agent must be licensed to sell mobile homes on leased land. Contact Walcott Mobile Home Community for questions regarding lot rent etc.

11. 2025-05-20
    price $68,000 402-char remark

    Show marketing remark (402 chars)

    Consider this 2020 build, 3 bedroom 2 bath home on leased land in Walcott. Enjoy all the main floor amenities and open floor plan designed for easy living. Seller to install central air with the right offer!!! Cash, personal loan, or local mobile home lending. Buyer agent must be licensed to sell mobile homes on leased land. Contact Walcott Mobile Home Community for questions regarding lot rent etc.

12. 2025-03-18
    listed $70,000 Active 402-char remark

    Show marketing remark (402 chars)

    Consider this 2020 build, 3 bedroom 2 bath home on leased land in Walcott. Enjoy all the main floor amenities and open floor plan designed for easy living. Seller to install central air with the right offer!!! Cash, personal loan, or local mobile home lending. Buyer agent must be licensed to sell mobile homes on leased land. Contact Walcott Mobile Home Community for questions regarding lot rent etc.

13. 2024-11-20
    price $68,000
14. 2024-08-14
    price $69,900
15. 2024-07-08
    listed $74,900 Active
16. 2022-09-28
    soldstatus $6,000,000
17. 2020-11-05
    listed $81,000
18. 2016-11-17
    listed $42,000
19. 2016-04-21
    listed $42,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,675
• − Mortgage interest: −$3,635
• − Property taxes: −$974
• − Insurance: −$324
• − Repairs & maintenance: −$1,014
• − Management: −$1,014
• − Depreciation: −$1,888
• Taxable income: $3,826
• Est. tax owed @ 24.0%: −$918
• After-tax cash flow: $3,713/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Davenport Community School District
• NCES district ID: 1908580
• Math proficiency: 43% ▼ -11.00%
• Reading proficiency: 50% ▼ -3.00%
• Median HH income: $46,157
• Composite: 39.49/100
• National rank: #3951
• State rank: #288 of 289 in IA

Livability — Walcott

• Score: 72/100
• State rank: #310
• US rank: #6090

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment C Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Walcott, IA
• Population (ZIP): 2,668

Population outlook (Scott County) Hauer SSP2

• Today (2025): 188,878 people
• By 2030: 196,648 · +4.1%
• By 2040: 210,860 · +11.6%
• By 2050: 224,359 · +18.8%
• By 2075: 258,884 · +37.1%
• By 2100: 286,447 · +51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 5% Hispanic / Latino 3% Black 2%
• Common ancestry: Lithuanian 5% Portuguese 4% English 1%
• Foreign-born: 0%

Political lean MEDSL · Scott

• 2024 margin: Toss-up / Even · D 47.3% · R 51.2% · Other 1.4%
• 2008→2024 swing: -18.4pp toward R · 2008: 14.6pp · 2024: -3.9pp
• All cycles: 2024: R+3.9 2020: D+3.5 2016: D+1.4 2012: D+13.8 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -67.34%
• Current HPI: 206.0786
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

+54.5% since first listed

13 events — show timeline

• 2026-05-04 Price Changed $64,900 Muscatine BOR
• 2026-04-15 Listed $69,900 Muscatine BOR
• 2025-08-11 Sold (MLS) $63,000 Muscatine BOR
• 2025-07-28 Pending — Muscatine BOR
• 2025-05-20 Price Changed $68,000 Muscatine BOR
• 2025-03-18 Listed $70,000 Muscatine BOR
• 2024-11-20 Price Changed $68,000 Muscatine BOR
• 2024-08-14 Price Changed $69,900 Muscatine BOR
• 2024-07-08 Listed $74,900 Muscatine BOR
• 2022-09-28 Sold (Public Records) $6,000,000 Public Records
• 2020-11-05 Listed $81,000 Muscatine BOR
• 2016-11-17 Listed $42,000 Muscatine BOR
• 2016-04-21 Listed $42,000 Muscatine BOR

Property tax history

-5.0%/yr

Latest (2025): $20,428 · +1.7% YoY. Source: county tax records.